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Housing on the knife's edge

At long last, the federal government has decided to seriously address the housing price bubble that has increasingly concerned Canadians.

On the heels of multiple warnings from the Bank of Canada that Canadians have taken on too much household debt for comfort (we hold the dubious distinction of having the worst consumer debt to financial assets ratio among 20 OECD nations), the federal government announced three moves. It will reduce the maximum insurable amortization period from 35 years to 30 years as it scales back both home equity loans and the amount homeowners can refinance. With these changes, we are about half way back to where the CMHC lending standards stood in 2006 when the Harper government significantly loosened them.

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Federal government undermining workplace safety

On April 28, the National Day of Mourning for workers killed on the job, we are reminded that although workplace injuries and fatalities may be accidents, they are preventable. While preventing injuries and deaths benefits both employer and employee, it is always left to government to create and enforce regulatory regimes that keep Canadians safe.

Many Canadians may not realize that the federal government has significant health and safety responsibilities. Unfortunately, federal underfunding and understaffing of safety inspectors are putting employees of federal departments, crown corporations and cross-provincial companies, such as trucking, air transport, banking and the like, in harm's way.

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Report: How federal cutbacks will slash services and increase unemployment

| January 24, 2012

Budget 2011: Don't look behind the curtain

| June 7, 2011

Throne speech: Jobs rhetoric, not job creation

| June 6, 2011

Throne Speech: Where are the jobs?

| June 4, 2011

Corporate tax cuts: Big costs but no job creation

| April 6, 2011
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